Crafting a Deliberate Strategy Involves Developing Strategy Elements That

question 17

Multiple Choice

Crafting a deliberate strategy involves developing strategy elements that:

• A) imitate as much of the market leader's strategy as possible so as not to end up at a competitive disadvantage.
• B) comprise a five-year strategic plan and then fine-tuning it during the remainder of the plan period;big changes in strategy are thus made only once every five years.
• C) consist of a blend of proactive new planned initiatives plus ongoing strategy elements continued from prior periods.
• D) doing everything possible (in the way of price,quality,service,warranties,advertising,and so on)to make sure the company's product/service is very clearly differentiated from the product/service offerings of rivals.
• E) All of these accurately characterize the managerial process of crafting a company's strategy.

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Definitions:

Mathematics Test

An examination designed to assess one's knowledge or proficiency in mathematics.

Normal Model

A statistical distribution that is symmetric and bell-shaped, describing how continuous data is distributed around the mean.

Scores Above

Refers to performance measures or results that exceed a specific threshold or benchmark.

Normal Model N(73,9.2)

A specific normal distribution with a mean of 73 and a standard deviation of 9.2.